Long Research

Apple’s services strategy is falling into place

Apple’s annual iPhone launch event, held in early September and billed as “By innovation only”, was dismissed by critics as anything but. Hardware improvements were largely limited to cameras and battery life and were iterative at best; there was no 5G support, no folding screens and only (!) three cameras on the back of the …

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Which music streaming service is growing the fastest?

Did you guess Spotify? Apple Music? Those would be logical given they are the industry leading digital music streaming platforms. But those would also be incorrect. In fact, the correct answer is: Amazon Music. As the Financial Times highlighted in recent days: “The number of people subscribing to Amazon Music Unlimited has grown by about 70 …

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Three trillion-dollar tech giants walk into an earnings season…

Over the last week or so, three of the four most valuable companies in the world have reported financial results for their most recent respective fiscal quarters. We will spend some time in this post looking at the key findings in the reports of Microsoft, Apple and Alphabet. The time and effort spent is worthwhile …

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Apple’s healthcare opportunity (Part 1)

The global smartphone market has matured, and the days of explosive iPhone growth are over. As the Apple growth narrative shifts away from hardware towards services, one opportunity remains underappreciated by investors. The healthcare industry is in the nascent stages of digital transformation and Apple is in a unique position to deliver greater efficiency to …

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Spotify the Audio Aggregator

During their recent earnings report, Spotify announced acquisitions of podcast studio Gimlet Media and Anchor, a service that streamlines podcast making, advertising and distribution. The commitment indicates their plan to expand their offering to become more than simply a music streaming platform. The move is unprecedented, as CEO Daniel Ek emphasised, “what I didn’t know …

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Our Montaka Active Extension strategy strives for maximised return over the long-term. Owning the Montaka long portfolio typically scaled up to approximately 130 percent - and the Montaka short portfolio typically scaled down to approximately 30 percent – this strategy results in a net market exposure of approximately 100 percent most of the time.

Our Montaka variable net strategy strives for significant downside protection – but with minimal upside reduction. Focused on owning the world’s great and growing businesses when they are undervalued, while managing a portfolio of short positions in businesses that are deteriorating, misperceived, and overvalued, this strategy is our flagship long-short

Our Montgomery Global strategy strives to act as a core, high conviction, global portfolio holding. Consistent with the long portfolios in our Montaka strategies, this offering is focused on owning the world’s high quality, undervalued businesses – and cash when appropriate – to outperform its benchmark. Branded as “Montgomery Global” in Australia to reflect a key.

Our
Strategies

Our Strategies

Our Montaka Active Extension strategy strives for maximised return over the long-term. Owning the Montaka long portfolio typically scaled up to approximately 130 percent - and the Montaka short portfolio typically scaled down to approximately 30 percent – this strategy results in a net market exposure of approximately 100 percent most of the time.

Our Montaka variable net strategy strives for significant downside protection – but with minimal upside reduction. Focused on owning the world’s great and growing businesses when they are undervalued, while managing a portfolio of short positions in businesses that are deteriorating, misperceived, and overvalued, this strategy is our flagship long-short

Our Montgomery Global strategy strives to act as a core, high conviction, global portfolio holding. Consistent with the long portfolios in our Montaka strategies, this offering is focused on owning the world’s high quality, undervalued businesses – and cash when appropriate – to outperform its benchmark. Branded as “Montgomery Global” in Australia to reflect a key.